MARKET & ECONOMY
Indo Count Industries Ltd (ICIL), one of India’s largest home textile manufacturers, has recorded 600% increase in PAT in Q4 FY21 to Rs 580 million from Rs 80 million in Q4 FY20. PAT was up 241% in 2020-21 to Rs 2490 million from Rs 730 million in 2019-20.
AUTEFA presentations at ITMA Asia will be based on topics like higher productivity, industry 4.0 compatible solutions, and sustainability. The latest machines from other business units will be featured later.
According to a report, the workers in Tamil Nadu are trapped in forced labour conditions in the spinning mills that produce fabrics and yarn for international markets like Europe and the USA.
The International Trade Centre (ITC) – a joint agency of the United Nations and the World Trade Organization – in partnership with India International Textile Machinery Exhibitions (ITME) Society hosted TextilesExchange 2021 on April 23-24, 2021.
The flagship company of the Aditya Birla Group, Grasim Industries, collaborated with Taiwanese nonwoven manufacturing firm Nanliu Enterprise to donate 50,000 masks in Nagda, Madhya Pradesh.
Mexico has accused popular clothing brands Zara, Patowl, and Anthropologic of using Mexican indigenous textile patterns and other elements in their collection without permission from the country’s ministry of culture.
Uster, the world’s leading provider of quality management solutions from fiber to fabric, will showcase its recent innovations at ITMA Asia + CITME 2021 in Shanghai.
Microfibres are shedded out of garments during washing of textiles. They enter aquatic food chain and ultimately impact human life. Understanding the pattern of microfibre release and eliminating the resultant contamination of water is a major challenge, says Dr Ashok Athalye and Sharan Shetty.
The company is offering all visitors who cannot travel to the trade fair the opportunity to visit their virtual booth.